|If what you sell is the perception of privacy and exclusivity, then every new house is a degradation of the amenity. However, if what you sell is community, then every new house is an enhancement of the asset.
|If buildings are beautiful, higher density compounds that beauty. Conversely, if buildings are ugly, then higher density compounds that ugliness.
|Hilton Head island is 30 thousand acres and is choking on one million tourists a year. Charleston is one thousand acres and gracefully absorbs 5.5 million tourists a year.